Pressured by the hike in food and fuel prices, the Broad National Consumer Price Index (IPCA), considered the country’s official inflation rate, advanced 0.89% in November, above the 0.86% rate of October, according to the IBGE. Despite the acceleration, official inflation is still within the existing tolerance range. Under the current rule, the IPCA could range from 2.5% to 5.5% this year without formally breaching the target.
Source: G1
Day: December 9, 2020
Deforestation in the Amazon falls 45% in November, says Defense
Warnings of deforestation in the Legal Amazon fell 45% in November, which means the third consecutive month of decline compared to the same period last year, the Ministry of Defence said. According to the ministry, from August to November the accumulated reduction in deforestation was 19%.
Source: Money Times
CVM is accepted in UN Global Pact, says president
The Securities Commission (CVM) is the first Brazilian regulator to be admitted to the United Nations (UN) Global Pact, the president, Marcelo Barbosa, said. In this process, the CVM has made commitments within its area of influence, which include supporting the ten UN principles regarding human rights, labour, environment and anti-corruption.
Source: Valor Investe
BBCE operations grow 83.1% in November
BBCE (Balcao Brasileiro de Comercializacao de Energia) registered around 21 TWh in negotiations in November, a growth of 83.1% compared to the same period last year and 6% compared to October this year. The financial volume traded reached R$ 6.18 billion ($1.24 bn), 35% higher than in October and 139% compared to the same period in 2019.
Source: Energia Hoje
CPFL announces $360 mm for sustainable transition by 2024
CPFL Energia developed a sustainability plan with investments estimated at R$ 1.8 billion ($360 mm) to enable its sustainable and intelligent transition plan to produce and consume energy. There are 15 public commitments signed and focused on a business model with innovative solutions, reduction of environmental impact and sharing of positive impacts to society, bringing the company closer to the communities where it operates to foster knowledge, health, sports and culture, through the CPFL Institute.
Source: Canal Energia
Brasil Económico 